Skip to main content
Ask a Realtor

How to Do a Current Market Analysis

By May 20, 2025June 13th, 2025No Comments

Step-by-Step Guide to Doing a CMA

1. Gather Subject Property Information

  • Address
  • Square footage
  • Number of bedrooms and bathrooms
  • Lot size
  • Year built
  • Condition and upgrades

2. Select Comparable Properties (“Comps”)

Look for:

  • Recently sold homes (ideally within the last 3–6 months)
  • Similar size (within 10–20% of the subject property)
  • Similar age and condition
  • Same neighborhood or school district

3. Adjust for Differences

Adjust the sale prices of the comps to account for differences such as:

  • Square footage
  • Number of bedrooms/bathrooms
  • Renovations or upgrades
  • Lot size
  • Garage or pool

4. Analyze Market Trends

Consider:

  • Whether the market is trending up or down
  • Average days on market
  • Inventory levels (supply vs. demand)

5. Calculate the Estimated Value

  • Take the adjusted prices of the comps
  • Average them or use a weighted average based on similarity
  • This gives you a price range or a specific estimated value

6. Create a CMA Report (Optional)

If you’re a real estate agent or presenting to a client, include:

  • Summary of subject property
  • List and details of comps
  • Adjustments made
  • Charts or graphs showing market trends
  • Final estimated value

Would you like help creating a CMA report template or analyzing a specific property? I can also help you find comps if you provide a location and property details.

[wpforms id=”2829″]
Realtor John Keller

Realtor John Keller

In the real estate business, experience isn’t just a number—it’s your greatest asset. Serving New Port Richey and the surrounding areas since 2002, I bring over two decades of local market knowledge to Sand Dollar Realty. I am in the business of people, committed to guiding buyers and sellers through successful, seamless residential transactions.What sets my approach apart is the combination of extensive field experience and advanced education. Having earned my graduate degrees from Liberty University, I leverage a deep understanding of strategic communication and high-level marketing to position your property effectively in any market condition. My process is simple and transparent. I help you prepare, list, and negotiate your home to maximize your equity while minimizing the typical hassles of a real estate transaction.